News

When Did Office Of NSA Become Revenue Collector? – Peter Obi Blasts Tinubu

Published

7 months ago

May 9, 2024

The presidential candidate of the Labour Party in the 2023 general elections, Peter Obi, has decried the newly introduced Cyber security Levy by the President Bola Tinubu-led Nigerian government.

Obi said the taxes the current administration of Tinubu had imposed on Nigerians are too many and aimed at milking a dying economy.

Ibom Focus reported on May 7, that the Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions.

The apex bank gave the directive in a circular dated May 6, 2024 addressed to all commercial, merchant, non-interest and payment service banks as well as mobile money operators and payment service providers.

“Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and pursuant to the provision of Section 44 (2) (a) of the Act, ‘a levy of 0.5% (0.005) equivalent to a half percent of all electronic transactions value by the business specified in the Second Schedule of the Act’, is to be remitted to the National Cybersecurity Fund (NCF), which shall be administered by the Office of the National Security Adviser (ONSA),” the circular partly read.

CBN, however, noted that the implementation of the levy would start two weeks from the date of the circular.

“The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount shall be reflected in the customer’s account with the narration, ‘Cybersecurity Levy’.

However, reacting to the new tax imposition on Nigerians, on his official X (formerly Twitter) the former Anambra State Governor, said instead of nurturing the recovery and growth of the economy, the government by its multiple taxation is more interested in heaping more burden on the people who are already suffering severe economic stress.

Obi wrote: “The introduction of yet another tax, in the form of Cybersecurity Levy, on Nigerians who are already suffering severe economic distress is further proof that the government is more interested in milking a dying economy instead of nurturing it to recovery and growth.

“This does not only amount to multiple taxation on banking transactions, which are already subject to various other taxes including stamp duties but negates the Government’s avowed commitment to reduce the number of taxes and streamline the tax system.

“The imposition of a Cybersecurity Levy on bank transactions is particularly sad given that the tax is on the trading capital of businesses and not on their profit hence will further erode whatever is left of their remaining capital, after the impact of the Naira devaluation high inflation rate. It is inconceivable to expect the suffering citizens of Nigeria to separately fund all activities of the government.

“Policies such as this not only impoverish the citizens but make the country’s economic environment less competitive.

“At a time when the government should be reducing taxes to curb inflation, the government is instead introducing new taxes. And when did the office of the NSA become a revenue-collecting center?

“And why should that purely national security office receive returns on a specific tax as stated in the new cybersecurity law?”

News

Trump set to sign Executive Order to flush out transgender personnel from US military

Published

20 minutes ago

November 25, 2024

Naijablitznews

President-elect, Donald Trump, is set to sign an executive order that would remove all transgender members from the United States military.

It was learnt that the development has intensified concerns within the LGBTQ+ community.

The report claimed that the state officials had stated that transgender personnel would be discharged on medical grounds, deeming them “unfit” to serve.

Recall that during Trump’s first term as president, he introduced a similar policy that prohibited transgender individuals from joining the armed forces while allowing those already enlisted to remain in their roles.

After Trump left office, President Joe Biden had overturned the military ban in his first week as president in 2021, issuing an executive order to restore transgender individuals’ right to serve openly. However, with Trump’s potential return to the White House, transgender rights in the US may face renewed challenges.

However, the current proposal, as reported, would extend to removing all transgender service members, regardless of their current status. It is anticipated that the executive order will be issued on Trump’s first day in office, January 20 next year.

If signed, Trump’s new directive could be broader and more contentious than the policy he implemented during his first term. What would be its impact on transgender personnel serving in US military.

Reports indicated that approximately 15,000 transgender individuals are actively serving in the US military.

This is coming amid moves by US congress to stop irst transgender lawmaker from using female restrooms and bathrooms in her new workplace.

US House Speaker Mike Johnson had expressed his support for the policy that tends to disregard transgender ideologies in the legislative arm.

“All single-sex facilities in the Capitol and House Office Buildings — such as restrooms, changing rooms, and locker rooms — are reserved for individuals of that biological sex,” the speaker said in a statement last Wednesday.

“It is important to note that each Member office has its own private restroom, and unisex restrooms are available throughout the Capitol. Women deserve women’s only spaces,” he added.

The move to prevent McBride from using the women’s facilities in the House was first initiated by Rep. Nancy Mace, R-S.C., who on Monday introduced a resolution to ban trans women from using women’s bathrooms inside the complex.

Mace said the resolution was “absolutely” in response to McBride, a Delaware Democrat, being elected to the House.

She took her anti-trans crusade even further on Wednesday, announcing a bill to ban trans people from using bathrooms that align with their gender in all federal buildings across the country. Neither of the resolutions have been brought to a House vote.

It is important to note that each Member office has its own private restroom, and unisex restrooms are available throughout the Capitol. Women deserve women’s only spaces,” he added.

Mace said the resolution was “absolutely” in response to McBride, a Delaware Democrat, being elected to the House.

News

PHOTO: Courtesy visit to Priesthood Orphanage by Just Friends Club of Nigeria Founder

Published

2 hours ago

November 25, 2024

Naijablitznews

Dr. (Mrs) Blessing Echenwo, left, founder of Priesthood Orphanage, Karamajiji, Abuja and Mrs. Maria Cardillo, a member of Just Friends Club of Nigeria, during the visit of the club to the orphanage in Abuja…recently

News

Just in: NYSC Releases Batch ‘C’ Corps Members Call Up Letters

Published

4 hours ago

November 25, 2024

Naijablitznews

The National Youth Service Corps has announced the release of the 2024 Batch ‘C’ Stream I call-up letters for prospective corps members.

The corps made the announcement in a series of post on its official X (former Twitter) handle on Monday.

It said orientation camp for the stream is expected to start on November 27, 2024 and closes on December 17, 2024.

According to the post, “some prospective corp members posted to Lagos will have orientation in Ogun and Osun.

“While some of those posted to Zamfara will have in Kebbi and Sokoto etc”

The corps, however, advised prospective corps members to print and sign an addendum, which will be submitted during registration at the orientation camp.

Tips to guide Deployed Prospective Corps Members

Do not travel to the Orientation Camps at night. Break your journey when necessary.
Report on your scheduled reporting date.
Apply for spelling error and name rearrangement on your dashboard.
After documentation in the Camp, you cannot change your Date of Birth, Date of Graduation, Course of Study and Passport Photograph.
Do not report to the Camp if there is any discrepancies in your course of study or with the Date of Graduation on your Statement of Result and your Call-up Letter. Contact your Institution to sort it out.
ATTENTION TO ALL 2024 BATCH ”C” STREAM I MARRIED FEMALE PROSPECTIVE CORPS MEMBERS

All married female Prospective Corps members (PCMs) who are deployed to States where their husbands are not domiciled should report to the nearest NYSC Orientation Camp for their State of Deployment to be changed.

They are to report during the period of Registration at the Orientation Camps with the copies of their marital and other relevant documents as evidence. Once the change is made it will reflect on theirM dashboard for reprinting.